Volvo Cars has its eyes firmly set on the future as it celebrated the 10-year anniversary of its acquisition by Zhejiang Geely Holding on 28 March. The company has seen a complete transformation of its business under Geely ownership, changing from a purely European firm to a truly global and strong player in the premium car market, racking up record sales, revenues and profits along the way. As … [Read more...]
Tradelines 13 November
Nissan profits have collapsed by 70% in three months. It made $278M to the end of September with retail sales down 7.5% globally, European registrations slid 23% but sales showed a steadying picture in America. JLR is looking for partners to share new technology and other costs, say media reports. BMW and Zhejiang Geely are mentioned but others may be approached to assist market improvements in … [Read more...]
Volvo and Geely to merge combustion engine operations
Volvo Cars and Geely intend to merge their existing combustion engine operations into a stand-alone business in order to establish a new global supplier that will seek to develop next-generation combustion engines and hybrid powertrains. The proposed new business would clear the way for Volvo Cars to focus on the development of its all-electric range of premium cars. Volvo Cars is building an … [Read more...]
Newslines 11 September
Jaguar Land Rover could be hit by £80 Billion of costs if Britain does not secure a good Brexit deal, said CEO Ralf Speth. Extra costs and parts delays threaten to cut profits by £1.2 Billion annually but slowing sales due to diesel and business fuel taxes are also weighing on the business which reported a £210 Million loss in Q2. Jaguar Land Rover Classic has introduced a new infotainment … [Read more...]
Newslines 17 August
Jaguar Land Rover will add three new models over the next five years and gradually switch most of its vehicles to a new modular platform. The first model will be a new-generation Land Rover Defender, arriving in the 2020-21 financial year, JLR said in a June 22 presentation to investors and two more vehicles will be launched between 2021 and 2024, with reports of a new entry level Land Rover and … [Read more...]
Newslines 21 April
The A40 will remain shut between Llandovery and Llanwrda over the weekend at least. It’s emergency closure follows the opening of a sink-hole in the carriageway on Wednesday evening and the diversions have caused chaos in surrounding villages struggling with HGVs on narrow sections. Plans to scrap the proposed electric rail line between Cardiff and Swansea have been defended by UK Transport … [Read more...]
Tradelines 3 January
Swiss consumer protection organisation SKS has filed a claim on behalf of 6,000 car owners for damages from Volkswagen and Swiss car dealer AMAG over the “Dieselgate” emissions scandal. “The cars sold as environmentally friendly were overpriced from the beginning. Due to the manipulation of the exhaust system, they then lost even more of their value on the secondary market,” Stiftung fuer … [Read more...]
Newslines 16 June
First Minister Carwyn Jones yesterday opened the £57 million Eastern Bay dual carriageway link road in Cardiff. Ffordd Ewart Parkinson is named after the late Cardiff engineer and planner, Ewart Parkinson, will improve links to Cardiff Bay, reducing journey times and helping to ease congestion in the city centre so improving access to the Central Cardiff Enterprise Zone and connectivity across … [Read more...]
Newslines 27 May
A new report into the proposed Circuit of Wales in Ebbw Vale has concluded that the project could make a "significant positive contribution" to the South Wales economy despite the risks. The report from Professor Brian Morgan of Cardiff Metropolitan University concluded that the racing circuit could kick-start a revival in the Valleys and provide long-term and sustainable benefits to the Welsh … [Read more...]
Briefly 14 February
The T9 bus service linking Cardiff with Cardiff Airport has experienced its best year on record, suggest figures by Welsh Government. Quarterly figures up to September 2016 show an average of over 13,200 passengers a month used the service in the last year, with month on month growth every month since June 2014. Plans for a new off-road 4x4 in the spirit of Land Rover's discontinued Defender … [Read more...]
